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The deadline for distressed homeowners to apply for a government mortgage aid program has been extended through Wednesday. The Emergency Homeowner's Loan Program or EHLP, a program offered through the Department of Housing and Urban Development and NeighborWorks, offers up to $50,000 in interest-free loans to qualified homeowners to help pay for a portion of their monthly mortgage for up to two years. Qualified applicants include homeowners at risk of foreclosure and who are unemployed or underemployed due to economic conditions or a medical condition.

HUD extended the deadline to enable more homeowners to apply for the loan program. In-need homeowners must submit two documents by midnight Wednesday, including the pre-application and a third-party authorization form, which can be found on the NeighborWorks and HUD program website. Payments for homeowners who receive EHLP funds are expected to start in late September.

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septbaby62

This is bullcrap.... I tryed to work with Bank of America when my co-owner walked out and cause the co-owner would Not sign the mortage papers they said nothing they could do cause I didnt have enought income to modify the loan... ummm hello it's the reason I needed to. so I could of kept my house but no!!! Bank of America are greedy A@@holes!!!

Great idea, loan people who can't afford their mortgage more money in the hope that they will have jobs/better paying jobs in two years. Optimism is a good thing, like here in Dallas when they renamed Industrial Blvd with Riverfront Blvd in the hopes that a river would suddenly appear. They even built a bridge over the river that's supposed to appear. But there is no river.

AGAIN--with the housing bull----People are to concerned about having something they can`t afford--OHHHH--every american should own a home---Ha ha--Lets face facts-so many people can`t afford a mortgage--Also..They can`t afford to keep up the house----maintenance--taxes--insurance- often the heat--lights--gas----mainly becauce everybody has to have a 22-38 hundred sq. ft house..Nowdays people buy BIG--BIGGER--BIGGEST houses....Look at the world war 2 generation---Most bought a small house(900 to 1300 sq. ft) because they only bought what they could afford and were careful NOT to have a mortgage they couldn`t afford.....

STOP BLAMING OBAMA FOR THIS DISASTER THAT BUSH AND HIS CRONIES STARTED WITH THEIR LIES AND WARS THE REPUBLICANS SO CALLED JOB CREATORS ARE A GREEDY FILTH MONGERS AND THEIR TIME IS UP TIME TO GET RID OF BUSH TAX CUTS TIME TO START PAYING YOUR FAIR SHARE JUST ASK THEM ABOUT EFFECTIVE TAX RATE, I REST MY CASE WALL STREET, BANKS AND ALL THEIR LOBBYISTS CAUSED THIS MESS WITH THE BAILOUT BULLSHI. TO BIG TO FAIL, MY ASS, LET THEM FAIL A SOLVENT COMPANY MWOULD TAKE OVER. WAKE UP YOU SHEEPLE SMELL THE COFFEE OBAMA WILL NOT YIELD TO YOUR LIES TIME TO PAY YOUR FAIR SHARE OF TAXES YOU RICH CROOKS WHO MILK THE SYSTEM

Hmmmnm.......does your boss know that you feel this way about him? ...if you actually work.

How long are you going to blame Bush? Even when Bush was President, both the House and the Senate were ran by the Democrats. Nothing could happen without them.....so the Democrats are 2/3's to blame and Bush 1/3. The Democrats have been entirely in control since then also.....firs two years all everything was entirely ran by the Democrats (100%) and now the Presidency and the Senate is now Democratic. (66%). I don't see how you could even think that this was/is a Republican issue.

I applied for Nevadas Hardest Hit Program and they are helping me with my mortgage for six months. A monthly savings of $350. dollars. Helps a lot when you are unemployed. The paperwork was a breeze. Thanks Senator Reid.

This is the most messed up program I have ever seen! You have to live in certin states to be able to apply! Well the Illinois program is nothing but a way for the state to steel money to benifit the polititions, not the people who need help! You have to jump through so many hoopes its crazy! Not only that they never said anything or announced this program in southern Il. They said they were going to but never did!! The areas they are targeting is the Chicago area only!! Illinois sucks as a state!

Did anyone really look into this article, you have to go to a neighborhood assistance program. This is another crock of crap. I have been to 2 of my neighborhood assistance centers. These programs are nothing but a waste of money. These agencies do not do anything to help at all. I 've been thru this last year, and nothing happened. It's a shame that the American people are lied too and have to pay for this sham -- And there is no way that you will get the required paperwork within the time frame required, maybe they could reconsider for a month from now. shysters.